M&A WATCH- Infinity Solar has acquired a 97% stake in TAQA Arabia subsidiary TAQA Solar Resort in a EGP 50 mn transaction, Al Borsa reports. The acquisition comes as Infinity is nearing financial close for a 50 MW solar power plant in Fayoum under phase two of the feed-in tariff (FiT) project well ahead of the 28 October deadline set by the Electricity Ministry, sources from the company tell Al Borsa. TAQA Arabia is a Qalaa Holdings company.

Tags: